Question: Current Attempt in Progress Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is no norinden in entry
Current Attempt in Progress Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is no norinden in entry our select "No entry for the account titles and enter for the amounts.) 1 Depreciation on equipment is $1,315 for the accounting period. 2 Interest owed on a loan but not paid or recorded is $274 There was no beginning balance of supplies and $539 of office supplies were purchased during the period. At the end of the period $98 of supplies were on hand, 4. Prepaid rent had a $980 normal balance prior to adjustment. By year end $686 had expired. 5. Accrued salaries at the end of the period amounted to $882 Debit Credit No. Account Titles and Explanation 1. 2. 3. 4
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